19 Sep 2013 07:00
Sierra Rutile Limited
Grant of Options
London, UK, 19 September 2013: Sierra Rutile Limited ("Sierra Rutile") announces that, on 18 September 2013, it granted options over 100,000 shares in the capital of the company to Martyn Buttenshaw, a director of Sierra Rutile.
The options are exercisable at a price of 54.98 pence per share and will vest in four equal tranches on 17 September 2014, 17 December 2014, 17 March 2015 and 17 June 2015. The options will expire on the third anniversary of each vesting date.
Following the grant of options as detailed above, the total number of vested and unvested options outstanding as of 18 September 2013 is 27,057,083 representing 5.26% of the current issued share capital.
For Further Information:
Sierra Rutile Limited Yves Ilunga, Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Martin Eales / Jonny Hardy
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+44 (0)20 7653 4000 |
Mirabaud Securities Joint Corporate Broker Peter Krens
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+44 (0)20 7321 2508 |
Kreab Gavin Anderson Marc Cohen / Christina Clark |
+44 (0)20 7074 1800 |
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 800 million tonnes (as at 31 August 2012).
www.sierra-rutile.com
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